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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (7850)	1/11/2002 1:45:28 AM
From: Susan G	Respond to of 26752

Oversold moves are the best <g> BRCM showed up on the same list as MYGN, the bullish candlestick list. It had a pattern called an upside tasuki gap, which is a moderate probability CONTINUATION pattern, not a reversal. So maybe it can take out the 53 level after all?? I've see some calls around at 53, everything thinks it will fly there but that 53.13 I think it was test of top is a big 2B test. It it doesn't do it after a few attempts, run as many traders will be buying the "breakout" and you know what can happen on first attempts of breakouts on Important tests. The nasdaq yesterday comes to mind <g> What it Means In an uptrend a white day occurs, followed by another white day that gaps up. A black day ensues, and is likely the result of temporary profit taking. The trend should continue to follow the direction of the upward gap.